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The comparative statements of Sunland Company are presented here. SUNLAND COMPANY Income Statements For the Years Ended December 31 2022 Net sales $1,771,400 Cost of

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The comparative statements of Sunland Company are presented here. SUNLAND COMPANY Income Statements For the Years Ended December 31 2022 Net sales $1,771,400 Cost of goods sold 987.000 Gross proft 784,400 Selling and administrative expenses 470,000 Income from operations 314,400 Other expenses and losses Interest expense 20,680 Income before income taxes 293.720 Income tax expense 88,116 Net income $ 205,604 2021 $1,645,000 945,640 699,360 450,260 249.100 18,800 230,300 69,090 $ 161,210 2021 SUNLAND COMPANY Balance Sheets December 31 Assets 2022 Current assets Cash $ 56,494 Debt investments (short-term) 69,560 Accounts receivable 110.732 Inventory 118.440 Total current assets 355.226 Plant assets (net) 610,060 Total assets $965,286 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 150,400 Income taxes payable 40,890 Total current liabilities 191,290 Bonds payable 206,800 Total liabilities 398,090 Stockholders' equity Common stock ($5 par) 272,600 Retained earnings 294,596 Total stockholders' equity 567.196 Total liabilities and stockholders equity $965,286 $60,348 47,000 96,632 108,570 312,550 489,082 $801,632 $136,676 39,480 176,156 188.000 364,156 282,000 155.476 437.476 $801,632 All sales were on account. Net cash provided by operating activities for 2022 was $206,800 Capital expenditures were $127.840. and cash dividends were $66,484 Compute the following ratios for 2022. (Round all answers to 2 decimal places, eg. 1.83 or 1.83%) All sales were on account. Net cash provided by operating activities for 2022 was $206,800. Capital expenditures were $127,840, and cash dividends were $66,484. Compute the following ratios for 2022. (Round all answers to 2 decimal places, eg. 1.83 or 1.83%) (a) $ (b) Earnings per share Return on common stockholders' equity Return on assets % (c) (d) Current ratio :1 (e) Accounts receivable turnover times (0) Average collection period days (s) Inventory turnover times (h) Days in inventory days (1) Times interest earned times 0) Asset turnover times () Debt to assets ratio % (0) Free cash flow $ $

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